Documents & Reports

Central African Republic - Country partnership strategy for the period 2009-2012 (English)

Abstract

This country partnership strategy (CPS), prepared jointly by the World Bank Group (WBG) and the African Development Bank (AfDB), lays out the strategy and planned lending and non-lending support from the two institutions to Central African Republic (CAR... See More +This country partnership strategy (CPS), prepared jointly by the World Bank Group (WBG) and the African Development Bank (AfDB), lays out the strategy and planned lending and non-lending support from the two institutions to Central African Republic (CAR) for the FY09-12 period (July 2008-June 2012). For the first time, the CPS integrates the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) into the partnership. The CPS builds on results achieved under the Joint Interim Strategy Note (JISN), and sustains and deepens support provided through current programs. The CPS provides support to poverty reduction strategy paper (PRSP) pillars two (governance) and three (diversification), with limited WBG support to PRSP pillar four (human development). Analytical and advisory work by the two institutions will target priority sectors and topics where information gaps hamper sound policy making and appropriate donor responses. The CPS sends a clear message that, following its protracted absence, the international community is ready to sustain support to CAR's efforts to achieve sustainable development results. The CPS is selective based upon CAR's priority needs, the comparative advantages of both banks, and harmonization/coordination with other donors. Coordination is particularly critical with the United Nations Development Program (UNDP) and other partners with specific mandates in the areas of peace and security. The CPS also optimizes the joint response through increased WBG presence on the ground.
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